Dictionary
occupancy
noun
The act of occupying, the state of being occupied or the state of being an occupant or tenant.
synonyms
Exact(59)
When extensive repair work began on the main access road into the Black Isle, Marion spotted an opportunity, realising that with an average occupancy rate of just 1.2 people per vehicle on the road, the project only needed to increase this figure to 1.5 to keep traffic flowing during the roadworks.
In the long run, if the government encourages official financial support for home and infrastructure improvement in homegrown settlements, along with a clear recognition of occupancy rights and the development of co-operative housing societies, we will have a robust system in place.
"We take on the risk of occupancy for our partners – which means if they don't get lived in, we don't get paid," he says.
Then it was shut and declared unfit for occupancy in 2009.
"We have seen a rise in occupancy rates of 25% in the first five months of this year, which is the highest in Europe," enthused Alexandros Vassilikos, chair of the Athens Hoteliers Association.
In its first few months in government, the coalition has delivered one major housing reform after another – from plans to cut down on "garden-grabbing" to crackdowns on housing benefit and the unexpected announcement by the prime minister that council tenants would no longer be guaranteed a right to lifetime occupancy.
In the aftermath of those attacks, occupancy rates plummeted and hoteliers slashed their prices, only to struggle subsequently to raise them again.
This time round, hotels have preferred to take the hit on occupancy rather than on rates.
A dip in occupancy, usually an impressive 90-95%, has prompted hotels to cut room rates, reversing a steady rise in recent years to more than $135 a night on average.
But it also revealed a distinct lack of correlation between building occupancy and the amount of energy supplied by its HVAC.
Similar(1)
It will have control over a number of benefits including disability living allowance, the personal independence payment, winter fuel payments and the housing elements of universal credit, including the under-occupancy charge (bedroom tax).
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